News Hub: TIPS Yields Go Negative for First Time

Paul Vigna discusses Monday's markets and why the yield for TIPS went negative for the first time ever.

This transcript has been automatically generated and may not be 100% accurate.

Gou ... the markets now ... holding up ... Mars is joining us and falling of a bank's shares ... to Colonia Tin today what happened at a along with the banks are still talking mostly about what you are talking about the whole foreclosure mess ... how bad can it be for the bank still lot of uncertainty about that ... so financials not a good sector today ... a choppy day overall actually goes up a hundred points early ... fell down rosy than a little slide and closed it looks like ... Duncan and about thirty one up materials industrials did better ... that's all time tied to the dollar exporters' the dollar not dollar overnight over the weekend in leaking the news from the G twenty meeting ... in early going where they were ... not not frame are moving to the dollar and gold crude Crude Gold was up about percent ... crude didn't move much to tell a didn't move much stocks ultimately didn't move much ... but ... we really looking as situation where everyone still expecting the Fed to come in with this the QE two program ... in another week and have Coleman was out with a note today ... is that the thinking to be two trillion dollar program ... that's obviously it's a ton of money I mean ... literally with a ... whole lot lot of money so that's just to keep putting pressure on the dollar to the DNR TIPS auction wanna mention this ... Treasury inflation protected securities ... of five-year TIPS made the deal the first time tips of spin option often make you feel ... just tells you that people believing the Fed that they're gonna create inflation ... these are inflation Justice appeal expect ... down the line that that ... the deal will rise to expect inflation to come to the Fed to do a job the one to tell people when and where the main fleet ... and would leave them ... some more housing ... market still has yet to be weak for housing it would in new home sales later case Shiller tomorrow and then we The Big bang on Friday tried to get a lenient ... yet the band of Friday the first reading on third-quarter GDP Sts ...